Rice and broken rice export hit 1.2million tonnes

The export volume of rice and broken rice hit 1.2 million tonnes as of the third week of January. Over 400,000 tonnes of rice and broken rice worth US$120million were exported through normal trade, whereas about 800,000 tonnes of rice and broken rice worth US$256million were exported via border trade camps, according to the figures […]

Companies in Myanmar Express Concern About Regulation, but Optimism Remains: Survey

​​ Companies in Myanmar expressed concerns about government regulation and policy, despite showing optimism for future growth, in a recently completed survey, said Thomas Klotz Tuesday morning at a press conference in Yangon. Klotz, the Managing Partner for Southeast Asia for Roland Berger, the German consulting firm that conducted the survey, said, “Seeing from our […]

India’s Myanmar Policy

Indian foreign policy has changed markedly since the 1990s, driven by realism and its own economic and strategic interests. One important change has been the increased attention New Delhi has been paying to Southeast Asia over the past two decades. The government of P. V. Narasimha Rao, which initiated India’s “Look East Policy,” also recognized […]

Foreign investment seen jumping 70% in fiscal 2014

MANDALAY, Myanmar — Foreign direct investment in Myanmar is expected to reach roughly $7 billion for the year ending March 31, rising 70% from the previous fiscal year. The figure will be the country’s highest since democratization began in 2011 and its second-highest ever in statistics going back to fiscal 1989. Investment in telecommunications and […]

UMFCCI plans survey of business conditions

The Union of Myanmar Federation of Chambers of Commerce and Industry plans to use information gleaned from a business survey it begins this month to help the government formulate economic policy. The survey will also help the government to decide which sector or sectors to promote when the Asean Economic Community takes effect in 2015, […]